Posted on Jun 15, 2021
Record rise in US wholesale prices over the past year
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I keep hearing from a certain group the following questions: "Inflation? What inflation?"
"WASHINGTON (AP) — Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic lockdowns and pushes inflation higher."
"WASHINGTON (AP) — Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic lockdowns and pushes inflation higher."
Record rise in US wholesale prices over the past year
Posted from apnews.com
Money
Policy
Posted >1 y ago
Responses: 2
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I love how they keep reporting the rise in inflation "...over the past year" as though the increase began during the Trump Administration. Right...
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Biden, Biden, he's our man, if he can do it - well tough shit!
Rise in wholesale prices? Usually reflected in retail prices (Even Costco sells at retail!). Not much noticed until the last 3 months. During the last 3 months though - wow. Just wow. Have not seen this since the 70s and 80s.
And yes, some of the cause happened over the last year with the heavy push to lock everything down. Then keep it locked down. Then continued to crush the economy while killing way too many of our elderly. Did I mention the continual lockdowns in the mostly Blue states?
Rise in wholesale prices? Usually reflected in retail prices (Even Costco sells at retail!). Not much noticed until the last 3 months. During the last 3 months though - wow. Just wow. Have not seen this since the 70s and 80s.
And yes, some of the cause happened over the last year with the heavy push to lock everything down. Then keep it locked down. Then continued to crush the economy while killing way too many of our elderly. Did I mention the continual lockdowns in the mostly Blue states?
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Cpl (Join to see)
Agree! The affects of the lockdowns had a cascading effect. The ships stuck in harbors waiting in quarantine to dock began a bottleneck effect. Shortages of consumer goods, service items like chips, etc. have started to take a toll on the economy. Not to mention, paying low skilled workers to stay home after locking down businesses has killed several businesses.
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